Business transactions completed by Maria Gonzalez during the month of September are as follows. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. Sep. 1 Gonzalez invested $72,000 cash along with office equipment valued at $25,400 in a new sole proprietorship named MG Consulting Sep. 3 The company purchased land valued at $40,000 and a building valued at $160,400. The purchase is paid with $30,400 cash and a long-term note payable for $170,000 Sep. 5 The company purchased $2,400 of office supplies on credit Sep. 7 Gonzalez invested a personal automobile in the company. The automobile has a value of $17,300 and is to be used exclusively in the business Sep. 9 The company purchased $6,000 of additional office equipment on credit. Sep. 11 The company paid $2,400 cash salary to an assistant Sep. 13 The company provided services to a client and collected $4,300 cash Sep. 15 The company paid $1,400 cash for this month's utilities Sep. 17 The company paid $2,400 cash to settle the account payable created on September 5 Sep. 19 The company purchased $20,700 of new office equipment by paying $20,700 cash Sep. 21 The company completed $7,000 of services for a client, who must pay within 30 days Sep. 23 The company paid $2,400 cash salary to an assistant Sep. 25 The company received $5,000 cash in partial payment on the receivable ereated on September 21 Sep. 27 Gonzalez withdrew $3,200 cash from the company for personal use. Income St Owners Balance Sheet Equity Requirementournal Every journal entry must keep the accounting equation in balance. Prepare the journal entries for each of the transactions of MG Consulting, entering the debits before the credits. Each transaction will automatically be posted to the General Ledger and the Trial Balance as soon as you click "Record Entry" Show less View transaction list View journal entry worksheet No Account Title Credit Sep 01 Cash 72,000 25,400 Office equipment M. Gonzalez, Capital 97,400 Business transactions completed by Maria Gonzalez during the month of September are as follows. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. Sep. 1 Gonzalez invested $72,000 cash along with office equipment valued at $25,400 in a new sole proprietorship named MG Consulting Sep. 3 The company purchased land valued at $40,000 and a building valued at $160,400. The purchase is paid with $30,400 cash and a long-term note payable for $170,000 Sep. 5 The company purchased $2,400 of office supplies on credit Sep. 7 Gonzalez invested a personal automobile in the company. The automobile has a value of $17,300 and is to be used exclusively in the business Sep. 9 The company purchased $6,000 of additional office equipment on credit. Sep. 11 The company paid $2,400 cash salary to an assistant Sep. 13 The company provided services to a client and collected $4,300 cash Sep. 15 The company paid $1,400 cash for this month's utilities Sep. 17 The company paid $2,400 cash to settle the account payable created on September 5 Sep. 19 The company purchased $20,700 of new office equipment by paying $20,700 cash Sep. 21 The company completed $7,000 of services for a client, who must pay within 30 days Sep. 23 The company paid $2,400 cash salary to an assistant Sep. 25 The company received $5,000 cash in partial payment on the receivable ereated on September 21 Sep. 27 Gonzalez withdrew $3,200 cash from the company for personal use. Income St Owners Balance Sheet Equity Requirementournal Every journal entry must keep the accounting equation in balance. Prepare the journal entries for each of the transactions of MG Consulting, entering the debits before the credits. Each transaction will automatically be posted to the General Ledger and the Trial Balance as soon as you click "Record Entry" Show less View transaction list View journal entry worksheet No Account Title Credit Sep 01 Cash 72,000 25,400 Office equipment M. Gonzalez, Capital 97,400
